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Picture the project is a football stadium and those 3 boxes of vinyl tile and cabinet door are for a club suite on the top level. Would you delay the owner and operations to move in for an additional 8 weeks plus install, when they can use 99.999% of building. Just an example.
@@kpresnell45 The actual Ncarb examthis questiojns are usually more clear. If im in the ncarb exam i would choose D, why? the question is not specifing what type of project is it. IF is a hospital or restaurant the floor tile will be important for the health of the users, will be more risk of infection, so a tyles are part of a project. A kitchen is illegal to operate without tiles, sames as surgeon rooms, some foor procesing facilites. So dont take this answet 100% correct.
at 22:52 you calculate the 5% retention as ($200,000 x .7) - ($140,000 x .05) which is $140,000 - ($140,000 x .05) or, $140,000 - $7,000, which is $133,000. However, why wouldn't you calculate a 5% retention as simply (.7-.05) x 200,000, or 65% of $200,000 which is $130,000? In other words - shouldn't you be withholding 5% of the total budget instead of 5% of the cumulative payout? Is this normative practice?
Hello, I am confused about Question 3. Since the question mentions Shop drawings, I am assuming it will be a submittal process workflow. If incase the Architect speaks to the Structural engineer about bolting sequence and it turns out that the new design is not structurally sound. Then should the answer not be option C? The change order can be officially submitted by the GC to the Architect. The Architect will then forward it to the structural engineer who can reject it and the Architect can then reject it as well.
I think the real issue is you would never send a change order in response to a shop drawing. you would have the structural engineer review it and he would stamp the shop drawing as “revise and resubmit” in your case. Then the architect would review for “design intent” and may reject it for that reason also. So the answer is true the architect will review the shop drawing for design intent (just like every submittal). but, yes you are also right the structural engineer will review the submittal as well.
Question #2 is confusing to me. Why would you pay the contractor 70% of the contingency if the contingency hasn't been used? Shouldn't you pay 70% of $180k and withhold 5% retention from that? What happens at the end of the job if you pay the full contingency, but the contingency hasn't been used?
Where are you getting $180k from? The 70% isn't contingency it's how much the plumber has completed. The retention is 5%, it's what is withheld from the payment so that the owner has some leverage just in case they didn't do a good job or something is missing. 200k * .70 = 140k * .5 = 10k... 140k - 7k = $133K is what the plumbing contractor would get. I think he talks way to much and overexplains things which can get confusing.
I think you're getting to 180k because that's 200k - 10% but listen again to 16:00, the contingency is a red herring and they go into a bit more detail about it.
I think this is a great point! But, typically you would not have a contingency for each trade. This is dealing with the plumbing. The contract would have numbers for each sub and at the end of the bid they would add the contingency (assuming there is one) and overhead & profit. So, it’s a red herring in that the 200k listed will not include the contingency. The contingency would only be in the overall project budget.
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#5
How is the client supposed to move into a building with an unfinished floor? I wouldn't consider that substantially complete.
Picture the project is a football stadium and those 3 boxes of vinyl tile and cabinet door are for a club suite on the top level. Would you delay the owner and operations to move in for an additional 8 weeks plus install, when they can use 99.999% of building. Just an example.
@@kpresnell45 The actual Ncarb examthis questiojns are usually more clear. If im in the ncarb exam i would choose D, why? the question is not specifing what type of project is it. IF is a hospital or restaurant the floor tile will be important for the health of the users, will be more risk of infection, so a tyles are part of a project. A kitchen is illegal to operate without tiles, sames as surgeon rooms, some foor procesing facilites. So dont take this answet 100% correct.
at 22:52 you calculate the 5% retention as
($200,000 x .7) - ($140,000 x .05) which is
$140,000 - ($140,000 x .05) or,
$140,000 - $7,000,
which is $133,000.
However, why wouldn't you calculate a 5% retention
as simply (.7-.05) x 200,000, or
65% of $200,000
which is $130,000?
In other words - shouldn't you be withholding 5% of the total budget instead of 5% of the cumulative payout?
Is this normative practice?
Hello, I am confused about Question 3. Since the question mentions Shop drawings, I am assuming it will be a submittal process workflow.
If incase the Architect speaks to the Structural engineer about bolting sequence and it turns out that the new design is not structurally sound. Then should the answer not be option C? The change order can be officially submitted by the GC to the Architect. The Architect will then forward it to the structural engineer who can reject it and the Architect can then reject it as well.
I think the real issue is you would never send a change order in response to a shop drawing. you would have the structural engineer review it and he would stamp the shop drawing as “revise and resubmit” in your case. Then the architect would review for “design intent” and may reject it for that reason also.
So the answer is true the architect will review the shop drawing for design intent (just like every submittal). but, yes you are also right the structural engineer will review the submittal as well.
Question #2 is confusing to me. Why would you pay the contractor 70% of the contingency if the contingency hasn't been used? Shouldn't you pay 70% of $180k and withhold 5% retention from that? What happens at the end of the job if you pay the full contingency, but the contingency hasn't been used?
Where are you getting $180k from? The 70% isn't contingency it's how much the plumber has completed. The retention is 5%, it's what is withheld from the payment so that the owner has some leverage just in case they didn't do a good job or something is missing. 200k * .70 = 140k * .5 = 10k... 140k - 7k = $133K is what the plumbing contractor would get. I think he talks way to much and overexplains things which can get confusing.
I think you're getting to 180k because that's 200k - 10% but listen again to 16:00, the contingency is a red herring and they go into a bit more detail about it.
I think this is a great point! But, typically you would not have a contingency for each trade. This is dealing with the plumbing. The contract would have numbers for each sub and at the end of the bid they would add the contingency (assuming there is one) and overhead & profit.
So, it’s a red herring in that the 200k listed will not include the contingency. The contingency would only be in the overall project budget.
Good idea, horrible execution; way too much talking. There is no way that it should take that long per question.
agreed.
Black spectacles has to be about the worst ARE resource
hi